BTC bull flag?
It could be a giant bull flag forming, but other than that there's not much to analyze. A 15k-wide descending range. Wanna trade? Buy low (50k-55k), sell high (67k-70k). Just, you know, don't blow up before the 2025 bull run.
This was written at the end of July when we were trading above 69k:
We didn’t quite go to 71k yet as I expected (~70k), and touched 53k which is waaaay lower than I anticipated, but also now quite the dirt chip zone (<48k) where I would be comfortable buying a lot. So long as we’re above 63-64k I prefer just holding. I don’t mind tolerating some temporary losses for a few months. I still consider attempting to exit near the local top to be the ultimate foolish move and a recipe to FOMO in later at a worse price.
——
WELL
I didn’t post this for a reason: the setup was so unconvincing that I couldn’t persuade myself it’s a solid piece of advice not to sell the top. I ignored the gut feeling - even though I have some record of selling high and buying back lower, overall the performance of my portfolio would be much better if I never sold anything ever, and just held. Unless we’re toughing 300k right now, I do not allow myself to do any speculative trades.
This was written at the end of July when we were trading above 69k:
We didn’t quite go to 71k yet as I expected (~70k), and touched 53k which is waaaay lower than I anticipated, but also now quite the dirt chip zone (<48k) where I would be comfortable buying a lot. So long as we’re above 63-64k I prefer just holding. I don’t mind tolerating some temporary losses for a few months. I still consider attempting to exit near the local top to be the ultimate foolish move and a recipe to FOMO in later at a worse price.
——
WELL
I didn’t post this for a reason: the setup was so unconvincing that I couldn’t persuade myself it’s a solid piece of advice not to sell the top. I ignored the gut feeling - even though I have some record of selling high and buying back lower, overall the performance of my portfolio would be much better if I never sold anything ever, and just held. Unless we’re toughing 300k right now, I do not allow myself to do any speculative trades.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.